SoftBank in discussions for up to $30bn additional investment in OpenAI

Group 1 - SoftBank Group is negotiating a potential investment of up to $30 billion in OpenAI, contributing to a larger funding round aiming to raise as much as $100 billion, which could bring OpenAI's valuation to approximately $830 billion [1][2] - SoftBank's CEO Masayoshi Son previously led a $41 billion investment in OpenAI in December, securing an 11% equity stake, as the company faces increased operational costs amid growing competition from Google [2] - Both SoftBank and OpenAI are stakeholders in the Stargate initiative, projected to cost $500 billion for constructing data centers for AI training and inference, significant for US technological leadership over China in AI [3] Group 2 - SoftBank's shares rose by 3.5% during morning trading in Tokyo following reports of the ongoing negotiations regarding the investment in OpenAI [3] - CGI announced a global partnership with OpenAI to assist clients in implementing advanced AI capabilities, integrating OpenAI's tools into its operations and training programs [4][5] - CGI plans to expand its use of ChatGPT Enterprise across its workforce as part of its strategy to prepare client organizations for adopting AI technologies within regulated environments [5]